Keel Point LLC decreased its position in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) by 13.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,349 shares of the specialty chemicals company’s stock after selling 1,578 shares during the quarter. Keel Point LLC’s holdings in Sherwin-Williams were worth $3,317,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently modified their holdings of SHW. Vanguard Group Inc. grew its stake in shares of Sherwin-Williams by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock valued at $7,529,752,000 after buying an additional 600,119 shares during the period. State Street Corp increased its holdings in shares of Sherwin-Williams by 2.4% during the 4th quarter. State Street Corp now owns 15,638,974 shares of the specialty chemicals company’s stock worth $5,067,497,000 after buying an additional 364,832 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Sherwin-Williams by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 5,231,615 shares of the specialty chemicals company’s stock valued at $1,687,498,000 after buying an additional 37,145 shares during the period. Norges Bank purchased a new stake in shares of Sherwin-Williams during the 4th quarter valued at approximately $1,089,450,000. Finally, Viking Global Investors LP lifted its holdings in Sherwin-Williams by 10.1% in the fourth quarter. Viking Global Investors LP now owns 3,172,308 shares of the specialty chemicals company’s stock valued at $1,027,923,000 after acquiring an additional 291,217 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on SHW shares. Bank of America lowered their price objective on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating for the company in a research report on Tuesday, April 21st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $375.00 price target on shares of Sherwin-Williams in a research note on Tuesday. BMO Capital Markets reaffirmed an “outperform” rating and issued a $405.00 price target (up from $400.00) on shares of Sherwin-Williams in a research note on Wednesday. Morgan Stanley reiterated an “overweight” rating and set a $395.00 price target (up from $385.00) on shares of Sherwin-Williams in a report on Wednesday. Finally, Wells Fargo & Company set a $360.00 price objective on Sherwin-Williams and gave the stock an “equal weight” rating in a research report on Wednesday. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $384.47.
Sherwin-Williams Stock Down 1.1%
Sherwin-Williams stock opened at $341.19 on Friday. The Sherwin-Williams Company has a fifty-two week low of $289.86 and a fifty-two week high of $379.65. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.53 and a current ratio of 0.73. The firm has a 50 day moving average price of $324.40 and a 200 day moving average price of $332.32. The company has a market capitalization of $82.83 billion, a PE ratio of 31.45, a price-to-earnings-growth ratio of 2.54 and a beta of 1.10.
Sherwin-Williams (NYSE:SHW – Get Free Report) last announced its earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.52 by $0.18. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.The company had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.60 billion. During the same quarter in the previous year, the company earned $3.38 earnings per share. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Research analysts expect that The Sherwin-Williams Company will post 12.08 earnings per share for the current year.
Sherwin-Williams Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, August 21st. Sherwin-Williams’s payout ratio is currently 29.49%.
Sherwin-Williams Profile
Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.
The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.
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